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'Boomerang CEOs' don't always work out; Disney hopes Iger bucks trend

During Bob Iger's first tenure from 2005 to 2020, Disney's annualised shareholder returns were more than 14%, well above its rival Comcast Corp and the broader stock market

Photo: Bloomberg
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Photo: Bloomberg

Reuters
Can Walt Disney Co bank on another hit sequel?

That appears to be the hope behind the company's surprise decision to bring back former chief executive Bob Iger to replace Bob Chapek. The decision was largely cheered by Wall Street, with Disney's stock gaining more than 6% on Monday to cut its loss to 37% for the year to date.
 
The move is effective immediately.
 
During his first tenure from 2005 to 2020, Disney's annualised shareholder returns were more than 14%, well above its rival Comcast Corp and the broader stock market, and in total in that period the stock

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Nov 22 2022 | 11:41 AM IST

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